The U.S. Navy's Geosat Follow-On (GFO) Mission, launched on February 20, 1998, is one of a series of altimetric satellites which include Seasat, Geosat, ERS-1, and TOPEX/POSEIDON (T/P). The purpose of this report is to document the GFO altimeter performance determined from the analyses and results performed by NASA's GSFC and Wallops altimeter, calibration team. It is the second of an anticipated series of NASA's GSFC and Wallops GFO performance documents, each of which will update assessment results. This report covers the performance from instrument acceptance by the Navy on November 29, 2000, to the end of Cycle 20 on November 21, 2001. Data derived from GFO will lead to improvements in the knowledge of ocean circulation, ice sheet topography, and climate change. In order to capture the maximum amount of information from the GFO data, accurate altimeter calibrations are required for the civilian data set which NOAA will produce. Wallops Flight Facility has provided similar products for the Geosat and T/P missions and is doing the same for GFO.